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20121115
20121115
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KQED (PBS) 2
KQEH (PBS) 1
KRCB (PBS) 1
WETA 1
WMPT (PBS) 1
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
spill in u.s. history. in its guilty plea, b.p. said it deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" could have been avoided. the explosion of the rig was a disaster that r'sb.tetu cp.f ul b.p.'s culture of privileging profit over prudence. >> reporter: b.p. has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. in addition, two b.p. supervisors on the deepwater rig have been charged with 23 counts of manslaughter. another b.p. executive was charged with lying to congress. b.p. will also pay a record- setting $4 billion in criminal fines and penalties. thrown in with the criminal charges is a civil settlement with the securities and exchange commission. b.p. will pay more than half a billion dollar
street tumbled: the dow fell 185 points, the nasdaq lost 37, the s&p was down 19. james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the markets fear is that we could either accidentally go over the cliff, or that all this hard posturing will set in stage a series of contractionery economic activities on the parts of businesses, in terms of not hiring, and maybe firing, and businesses shrinking rather than expanding, which will eventually find its way into consumer attitudes. so i think the market is afraid that this gun battle, or dual or chess game will lead to an accidental recession. >> sue: all right. let me follow up on that. a lot of the traders i've been t
Search Results 0 to 5 of about 6 (some duplicates have been removed)